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After TCS, Mindtree plans share buyback

After TCS, Mindtree plans share buyback

Wednesday, March 8, 2017, 3:26 PM
After TCS, Mindtree is planning for a share buyback. According to a report, decision will be taken in next three to six months. Mindtree’s board has formed a committee to evaluate measures, including buyback, to boost shareholder value. Last month, Cognizant had announced buyback worth USD 3.4 billion. Even TCS followed suit with Rs 16,000 crore buyback of up to 5.6 crore equity shares.
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